House prices in Great Britain hit a record high in June but are likely to start falling during the next few months as five interest rate rises and a worsening cost of living crisis finally start to put the brakes on the property market’s record-breaking run, according to Rightmove. The property website said asking prices hit a record for a fifth consecutive month in June, rising by 0. 3% – or £1,113 – to reach £368,614. However, this was the smallest monthly increase since January, with the site saying: “The exceptional pace of the market is easing a little.
Ocado said on Monday that it was planning to raise £575m in a share placing to help fund its expansion, as it announced a new £300m banking facility.
On a light day in terms of economic data, investors' attention is likely to be on any policy-relevant remarks contained in speeches from top Bank of England and Federal Reserve policymakers scheduled for Tuesday.
European stocks put in slight gains at the start of the week with investors eyeing the latest election results in France and Spain.
London stocks closed in positive territory on Monday, with deal news helping to lift investors’ spirits, although sentiment remained fragile amid ongoing concerns about a global recession.
London’s FTSE 100 was up 1. 3% at 7,110. 32 in afternoon trade on Monday.
Analysts at Canaccord Genuity downgraded healthcare software provider EMIS Group from 'buy' to 'hold' on Monday after the company became the latest M&A target in the UK mid-market technology sector late last week.
The FTSE 250 was up 0. 34% at 18,990. 43 at 1515 BST.
European stocks made gains in the latter part of Monday's morning session, with French rallying as investors digested Sunday's election result that saw President Emmanuel Macron lose control of the country’s parliament.
The Eurozone’s construction sector faltered in April, official data showed on Monday.
ShoreCap analyst Vivek Raja reiterated his "positive view" on shares of Begbies Traynor following equally positive press coverage of the business recovery specialist at the weekend.
Low-cost airline easyJet said it was cutting more flights this summer and faced higher-than-expected costs as a result of staff shortages across the industry that has led to travel chaos at most British airports.
Segro was on the list of director buys on Monday, after a non-executive director purchased almost £0. 4m worth of shares.
The European Central Bank will react in a clear-headed and steady manner to any undue volatility in markets if needed, a top official said, even as he left the door open to action in between policy meetings, also if required.
Biological agriculture product developer Plant Health Care said in an update on Monday that it has signed a long-term production and supply agreement with an unnamed Europe-based fermentation company.
Chariot has signed a front-end engineering and design (FEED) with Schlumberger and Subsea 7, as part of a consortium, for the Anchois gas development project in Morocco, it announced on Monday.
Pfizer said on Monday that it has agreed to buy an 8. 1% stake in French specialty vaccine company Valneva for €90. 5m, or €9. 49 a share.
Analysts at RBC Capital Markets raised their target price on specialist finance provider Paragon Banking Group from 560. 0p to 600. 0p on Monday following the firm's first-half results.
Critical components manufacturer Filtronic said in an update on Monday that it was continuing to build momentum as it developed its strategic markets.
Footfall across all UK retail destinations jumped last week, industry data showed on Monday, boosted by the weather.